Profit Shifting in the 21st Century: Multinationals’ Use of Intrafirm Patent Transfers
Abstract: An analysis indicates that a high percentage of U.S. patents that shifted to tax havens like Bermuda are intrafirm transfers. Such transfers may be a tax avoidance strategy by multinationals.
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2023-09-12